VICTORIA, Jan. 10 /CNW/ - Streetlight Intelligence Inc. (TSX-V:SLQ,
"SLQ"), of Victoria, British Columbia, Canada, a leading developer of
adaptive street light control and monitoring technology, and National
Semiconductor Corp. (NYSE: NSM, "National"), a leading provider of
analog and power management technology, have entered into a non-binding
memorandum of understanding (MOU) to integrate SLQ's Lumen IQ™ Adaptive
Street Light Control Systems and National Semiconductor's LED driver
technology and assess further business opportunities that may arise.
The companies' intentions are to develop and promote future integrated
LED driver and intelligent control and monitoring solutions for street
lighting, as well as enhance SLQ's existing intelligent control and
monitoring product for high intensity discharge ("HID") street
"We anticipate marketing products to LED street light manufacturers that
are feature rich while offering a major cost advantage over current
options, which could potentially have a dramatic effect on the overall
adoption of LED-based adaptive street lighting," states Vince Krynski,
CEO of SLQ. "By working closely with National, our ultimate objective
is to increase the use of intelligent street lighting controls, reduce
the cost of production and ease the cost of installation."
The two companies initially expect to collaborate on integrating SLQ's
control system with National's LED driver solution for street
lighting. They will also evaluate development possibilities for the
next generation of hardware for the Lumen IQ™ adaptive street light
management system, including a spatial redesign of the Lumen IQ™
controller to fully integrate inside all styles of street light
"SLQ shares our vision regarding the global adoption of adaptive street
lighting. With National's abilities in integrated circuitry, analog
and power management systems along with SLQ's advanced control and
monitoring technologies for both LED lighting as well as HID legacy
systems, there is an opportunity to realize our shared vision to
develop a unique, world-class street lighting technology platform,"
said Joe DeNicholas, Director of National Semiconductor's Lighting
All of the foregoing is subject to formal agreement and regulatory
About National Semiconductor
National Semiconductor is a leader in power management technology.
Known for its easy-to-use analog integrated circuits and world-class
supply chain, National's high-performance analog products enable its
customers' systems to be more energy efficient. Headquartered in Santa
Clara, Calif., National reported sales of $1.42 billion for fiscal
2010. Additional information is available at www.national.com.
About Streetlight Intelligence Inc.
Streetlight Intelligence Inc. develops advanced street light
optimization systems. Trademarked as Lumen IQ™, SLQ's technologies
provide improved lamp performance, adaptive lighting control, and
system-wide communications for centralized street light management.
SLQ's systems enable street light operators to significantly reduce
their community's energy consumption, maintenance costs and
environmental impact. SLQ is a public company listed on the TSX Venture
Exchange under the symbol "SLQ". For more information, visit www.StreetlightIQ.com.
Certain statements contained in this news release constitute
"forward-looking statements" as such term is used in applicable
Canadian securities laws. These statements relate to analysis and other
information that are based on forecasts of future results, estimates of
amounts not yet determinable and assumptions of management. In
particular, statements concerning an evaluation of the Lumen IQ™ system, the development of an integrated power and control solution for
LED street lights, and other factors and events described in this news
release should be viewed as forward-looking statements to the extent
that they involve estimates or predictions thereof. Any statements that
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not statements of historical fact and should be viewed as
"forward-looking statements". Such forward-looking statements involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the
Corporation to be materially different from any future results,
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others, the ability and timing of the Corporation and/or National
Semiconductor to complete the review of the existing systems, the
development of new systems, the market acceptance and market size and
profitability of any new developments, obtaining formal agreement and
regulatory approval and such other business risks as discussed herein
and other publicly filed disclosure documents of the Corporation which
are specifically incorporated herein by reference. Although the
Corporation has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
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readers should not place undue reliance on forward-looking statements
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Forward-looking statements are made based on management's beliefs,
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Corporation undertakes no obligation to update forward-looking
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National Semiconductor is a registered trademark of National
Semiconductor Corporation. All other brand or product names are
trademarks or registered trademarks of their respective holders.
SOURCE Streetlight Intelligence Inc.
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